[Long or Short?] Oct 7 - Oct 11
Good morning guys!
I just checked the chart and indicators.
It seems like they resist at 2861 to 2849 which I thought the first support zone; resist zone.
the bottom line as the second resist zone would be 2677 which I cannot guarantee (too obvious :D)
Anyway that's what you guys want to hear.
Still the indicators show that it is bearish, so it is really hard to buy stock/ETF/SPX as new entry.
Although they hit the 2861 and back to 2952, I think it is not an actual bullish turning point.
Therefore,
1. If you are playing on the Future/Margin market, I would recommend short with small size or be neutral.
2. If you are playing on the regular stock market, I would suggest that just chill as neutral.
In my case, I'm following my indicators. Besides, I am not an analyst as stock market trader.
I'm same as you guys, that is why I'm trying to share my ideas. If it helps you guys, it makes me happy.
I will come back on next weekend (or Monday of 2 weeks later ;) )
Have a great following week!
I just checked the chart and indicators.
It seems like they resist at 2861 to 2849 which I thought the first support zone; resist zone.
the bottom line as the second resist zone would be 2677 which I cannot guarantee (too obvious :D)
Anyway that's what you guys want to hear.
Still the indicators show that it is bearish, so it is really hard to buy stock/ETF/SPX as new entry.
Although they hit the 2861 and back to 2952, I think it is not an actual bullish turning point.
Therefore,
1. If you are playing on the Future/Margin market, I would recommend short with small size or be neutral.
2. If you are playing on the regular stock market, I would suggest that just chill as neutral.
In my case, I'm following my indicators. Besides, I am not an analyst as stock market trader.
I'm same as you guys, that is why I'm trying to share my ideas. If it helps you guys, it makes me happy.
I will come back on next weekend (or Monday of 2 weeks later ;) )
Have a great following week!
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